Bitcoin $3700 Analysis, How much would bitcoin need to grow to reach projected 10K by 2018?

in #bitcoin7 years ago

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Bitcoin is absolutely mooning right now it's not even funny anymore.

I have heard of some new changes coming to Bitcoin, (soon) but not gonna spoil anything and whether or not this is gonna happen, is a mystery at this time. So I'm not gonna be saying things that won't be coming about after all.

But recently I mentioned that By 2018 Bitcoin could be at $10,000.
That means Bitcoin would need to rise by at least 170% in the next 141 Days.
That means Bitcoin would need to rise $44 per day.

Is this projection too far fetched? for a 141 Day period?
No, it is not

We recently saw NEO rise from $5 to $35 in about 1 week time. because of the announcement made on August and NEO rose at an incredible rate.

Now what I expect to happen is an announcement of some interesting changes to Bitcoin that will catapult Bitcoin to possibly even $7,000 in the next 2 months, but if that is not gonna happen then I'm gonna assume the most likely projection for Bitcoin is gonna be at around $6.000 and as the 2018 year starts Bitcoin will see a likely increase of 90% during the first month of January 2018

Feel free to share your projection, with how much '%' you come up with that Bitcoin will grow.

For now, let's make an Analysis on Bitcoin.

On the 6 June 2017
Bitcoin established a major Resistance level that was unbroken for some time.
Much speculation happened about the fork and what kind of direction it would go into.
So Bitcoin pretty much froze on the $2900 and Declined many times in the month of June & July

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Panic created strong sell orders

12 June 2017 - 15 June 2017 (-$800)
21 June 2017 - 27 June 2017 (-$400)
6 July 2017 - 16 July 2017 (-$700)

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It wasn't until the 19 July 2017 that traders/investors began to regain confidence as news came out that the split could bring major benefits and rapid growth to Bitcoin.

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A New High was reached on 5 August 2017
And this brings us to the recent massive growth of Bitcoin

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As we can see the current rise of Bitcoin is nearing the $4000!!
Something that was never expected to happen in 2011 is days away from being realized.

I'm gonna make a slight resistance based upon the statistics available and around the $3900 mark, some decline is possible albeit short lived.

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Where do I see Bitcoin go in the next 30 Days?
Bitcoin should reach $4000 for sure by 17 August 2017
And for the next 30-Days, I'm looking at Bitcoin reaching $5000

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My prediction of Bitcoin always turns out to be low. I said Bitcoin at $4,500 by the end of August we're probably going to shatter that.

Yup most def :) but im sure bitcoin has strong potential to have a 5 digit by 2018 :)

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